Perhaps the biggest story coming out of campaign 2016 is not the rise of Bernie Sanders and Donald Trump, but the fact that the media and political establishment never saw it coming. And the fact that they never saw it coming perfectly explains the rise of Sanders and Trump. Continue reading Sanders and Trump: How the Political and Media Establishment Got 2016 So Wrong
The difference between mortgages and student debt is that an education cannot be repossessed. Hence, we don’t know how the next bubble will burst or what it will look like when it does, we know only that it is coming.
Over ninety per cent of American undergraduates take on debt, and over 40 per cent default. By 2013, student debt will exceed one trillion dollars nation-wide, compared to 730 billion for auto loans and 693 billion in credit card debt.
Continue reading Our Next Bubble
Ask people how America is doing today and most will cite a plethora of woes. From spiraling deficits to escalating debt levels, high unemployment to declining civility, political stalemate to a coarsened popular culture, there’s no shortage of troubles to identify.
It’s easy to forget what’s good about America. Continue reading What’s Good About America